Why would customers use Bitcoins?

[AliceWonderMiscreations]

Preclus - how do you think Chase can afford to pay you those cash back bonuses?

It comes from merchant fees, and merchant fees get added to either the product price or "shipping and handling"

That's why many gas stations here only accept debit and not credit, with debit they can have a lower price per gallon and charge the customer the transaction fee. But they can't charge a transaction fee for credit cards, so they have to add that to the price per gallon - which raises the price for cash customers too.

So to have a competitive price for cash customers, they have to reject credit cards and only accept debit.

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[pedrillo0]

I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.

So what is really a benefit for using Bitcoins, customer wise?

I think BTC is only important when you think the transaction fees. Otherwise BTC price still not stable as USD...

Also, what do people make of the very very long BTC confirmation times? Some of my payments take up to one hour to confirm, this is a big disadvantage BTC has over credit cards AND cryptocurrencies which are much faster now.

[AliceWonderMiscreations]

I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.

So what is really a benefit for using Bitcoins, customer wise?

I think BTC is only important when you think the transaction fees. Otherwise BTC price still not stable as USD...

Also, what do people make of the very very long BTC confirmation times? Some of my payments take up to one hour to confirm, this is a big disadvantage BTC has over credit cards AND cryptocurrencies which are much faster now.

Credit cards don't confirm quickly, they get an auth quickly. The actual transaction often takes days to complete. With Bitcoin, a transaction that has 0 confirmations can be seen as an auth. Since bitcoin is not centralized, there are some possible double-spend attack vectors but they are difficult and the vendor can take steps to make them very unlikely.

[blackmachinegun]

There is many reasons making people using Bitcoin instead fiat
For example there is low fees using Bitcoin compared with fiat and also it's decentralized currency

yeah correct. many reasons for you should use bitcoin. one of the most i like
bitcoin will become mainstream, and you have to follow to use bitcoin, it is imperative to change era

[heldertb]

I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.

So what is really a benefit for using Bitcoins, customer wise?

I think BTC is only important when you think the transaction fees. Otherwise BTC price still not stable as USD...

customer use bitcoin  because for service and he want to safe money and he want also earn money with bitcoin and bitcoin use same like bank card

[pooya87]

I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.

So what is really a benefit for using Bitcoins, customer wise?

I think BTC is only important when you think the transaction fees. Otherwise BTC price still not stable as USD...

yeah, i sometimes don't see the usage of bitcoin for customers to buy in shops instead of using a credit card. but other than that bitcoin is good for small multiple transactions and very large transactions. and all being done in seconds (confirmed in minutes) with the smallest fee.

[nichu]

I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.

So what is really a benefit for using Bitcoins, customer wise?

I think BTC is only important when you think the transaction fees. Otherwise BTC price still not stable as USD...

that is simply the fact, as long as the BTC price is not stable you cant trust with the value you are holding, transaction fees are very low ,but getting that to fiat for daily usage is real pain

[Nameless Coin]

They use it because it is in fact a much faster and cheaper.
The sad thing is that not many people know what Bitcoins is.

[gkv9]

You send them and the other party receives it in a blink of an eye, what else do you need???
It's the best reason one might give customers to use Bitcoins are they are instant...

[bitlost]

Well, then why to use bitcoin at all?? Many people think that this is a prestige to have business incorporated with blockchain transactions.
Bitcoin is something new fast and good and  safe . You can use your phone or BTC card almost everywhere in the world if you have decent internet connection!

[Mitchow]

They use it because it is in fact a much faster and cheaper.
The sad thing is that not many people know what Bitcoins is.

Yes, and it is faster and cheaper as compared to banking transactions, banks takes almost 24 to 48 hours for online transfer with higher fees, but with bitcoins the credits are instant and with minimal fees and that is the reason people choose bitcoins.

[mustang321]

Bitcoin will be easy for to exchange and to pay someting for customers and it is mean easy shopping and fast payment systems because of customers would use it .

[LuckyYOU]

Its an easy question why they should.
First the bitcoin is safe and easy to use.
Second the bitcoin is the best secured currency there is available.

[ctlaltdefeat]

I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.

So what is really a benefit for using Bitcoins, customer wise?

as long customer serve with third party application or startup,the benefit is not too much,but customer will more ease use bitcoin if directly pay wallet to wallet.

[angryrob]

Its an easy question why they should.
First the bitcoin is safe and easy to use.
Second the bitcoin is the best secured currency there is available.

Yes and the best thing is that it is one to one transaction without the involvement of third parties so bitcoin is reliable and convenient and the bitcoin transaction fees are too low as compared to the banking system.

[Hellacopter]

customers use Bitcoin usually because it's powerful features not existing when we use fiat or the other currencies online
it's decentralized currency with low fee and speed transactions

[jokerrj]

customers use Bitcoin usually because it's powerful features not existing when we use fiat or the other currencies online
it's decentralized currency with low fee and speed transactions

Exactly, people who are aware about the bitcoin transactions and its fees they would never use other methods when it comes to online transfers, as the fees of banks are too high to afford, and bitcoin does it very smoothly and cheaply.

[Monnt]

I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.

So what is really a benefit for using Bitcoins, customer wise?

Bitcoin has a relatively interesting price history, mostly a steady up-trend beside some big drops. With this up-trend, you can afford to discount a little for bitcoin, and a 3-cent fee is nothing compared to some credit card surcharges nowadays.

[bitbaby]

I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.

So what is really a benefit for using Bitcoins, customer wise?

Bitcoin has a relatively interesting price history, mostly a steady up-trend beside some big drops. With this up-trend, you can afford to discount a little for bitcoin, and a 3-cent fee is nothing compared to some credit card surcharges nowadays.

That and as soon as you put your credit card info on a website to shop, it becomes vulnerable as the site or hacker can use that info to steal money from you but it is not the same with bitcoin because if you take proper precautions and/or use cold storage, your private key can always stay secure.

[romero121]

Thats true when it comes to shopping, the credit card feels to be better as now only few places accept bitcoin. Now only people started using bitcoin cards. So once the guy posted the thread start using bitcoin card he feel why bitcoin better than credit card.